📝 Revenue Based Financing in MENA region

Author

Liam Gill
December 26, 2024

In partnership with

News of the Day

As venture capital becomes harder to secure, revenue-based financing (RBF) is gaining traction, especially in the MENA region, where SMEs struggle to access traditional banking credit. Capitalizing on this trend, CredibleX raised $55 million in seed funding, led by Abu Dhabi-based Further Ventures. Operating since March 2024, CredibleX partners with aggregators like Talabat, integrating its platform to offer quick credit decisions based on SMEs’ sales data. With over $27 million issued to date, CredibleX's unique ecosystem approach helps streamline repayments and mitigate risks. Co-founded by Anand Nagaraj, who previously built and exited Invoice Bazaar, CredibleX is poised to drive SME growth in high-income MENA countries while being fully regulated by FSRA at Abu Dhabi Global Markets.

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